Lululemon reveals strong Christmas trading, says sales were at top end of expectations
The company expects to reach the higher end of its prior fourth quarter net revenue and EPS guidance.
Lululemon Athletica Inc (NASDAQ:LULU) now expects to reach the higher end of its previous guidance for the fourth quarter, in terms of net revenue and earnings per share.
The Canada headquartered yoga-pants maker, meanwhile, said it is staying focused on executing our action plan to drive improvement in its US business.
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"Based on our performance over the holiday period, we expect to achieve the higher end of our previously communicated fourth quarter net revenue and EPS guidance," said Lululemon chief financial officer Meghan Frank.
"We remain focused on and look forward to the opportunities in front of us."
The Recap
- lululemon expects higher end of fourth quarter revenue and EPS guidance.
- No change to gross margin, selling, general and administrative expenses.
- Management will meet analysts at the ICR Conference 12–14 January.
